Discretionary benefits can have a significant impact on employee satisfaction, engagement, and loyalty. Here are just a few reasons why:
"Salary is a commodity," says Dr. Elena Ross, a workforce strategist. "If you offer $80,000, a competitor can offer $82,000 and steal your employee. But if you offer a culture that supports an employee’s childcare needs or mental health, that is incredibly sticky. You can’t put a price tag on peace of mind." ow discretionary benefits
Programs focused on wellness and mental health reduce absenteeism and increase daily engagement. Discretionary benefits can have a significant impact on
Toronto’s discretionary benefits program is different from Ottawa’s, which is different from Sudbury’s. For example: "If you offer $80,000, a competitor can offer
Why invest in benefits you aren't required to provide? The return on investment (ROI) for discretionary perks is often found in long-term organizational health:
In the post-pandemic talent landscape, the "Golden Handcuffs"—those hefty salaries designed to keep employees from leaving—are rusting. Today’s workforce, particularly the Gen Z and Millennial cohorts, is asking a question that traditional compensation packages struggle to answer: What does this job actually add to my life?